India’s National Company Law Appellate Tribunal (NCLAT), a local semi-judicial body, has asked a Walmart Inc unit to explain its business model in India, following an objection raised by a traders body against its $16 billion acquisition of e-commerce firm Flipkart.
Shares of Barnes & Noble Inc jumped as much as 21 percent on Friday after investor Richard Schottenfeld disclosed a higher stake in the bookseller and said he had discussed with its founder a possible sale of the company.
Canada’s top trade negotiator and her American counterpart started a third day of talks to save the North American Free Trade Agreement on Friday as differences between the two sides appeared to have narrowed.
Jeffrey Sonnenfeld of the Yale School of Management said that Elon Musk’s decision to smoke weed on Joe Rogan’s podcast was a mistake and that his “self destructiveness” is part of the reason the company’s stock is falling. …read more […]
U.S. President Donald Trump said on Friday that he has tariffs ready to go on a further $267 billion worth of Chinese imports, as the world awaits his decision on imposing levies on $200 billion worth of the Asian nation’s goods.
Worker pay gains in areas of the country that helped power Donald Trump’s 2016 presidential victory were substantially slower than in the rest of the country during the first year of his administration, new government data shows.
U.S. stocks reversed course to trade lower on Friday, after President Donald Trump said a fresh round of tariffs on $267 billion worth of Chinese imports are ready to go, if he wanted, escalating trade war fears.
Seven trade unions representing Ryanair cabin crew in five countries threatened on Friday to hold a strike in late September unless the airline agrees to improve working conditions.
From the floor of the New York Stock Exchange, Yahoo Finance’s Jared Blikre joins Alexis Christoforous to break down the latest market moves. …read more […]
Billionaire investor Daniel Loeb’s Third Point LLC is launching a proxy fight to remove the entire sitting board at Campbell Soup Co, charging the American food company with being in a “mess” and faulting the board for failing to take corrective action.
Tesla Inc’s shares dropped the most in two years on Friday, rocked by the departure of its accounting chief after just a month and mounting investor concerns about Chief Executive Elon Musk’s behavior after he smoked marijuana on a live webcast. Investors in the electric carmaker are on edge after a tumultuous August, during which Musk proposed and then abruptly pulled the plug on a go-private deal. Tesla said Chief Accounting Officer Dave Morton resigned because of discomfort wit
The behavior of Tesla’s CEO has gone from erratic to destructive. …read more […]
Around two hundred people queued outside the first Starbucks cafe in Italy on Friday, as the world’s biggest coffee chain faces one of its toughest tests yet with an upmarket roastery in the center of Milan.
Police say they’re trying to learn why a gunman carrying a large amount of ammunition began shooting in a downtown Cincinnati high-rise building, killing three people and wounding two others before four officers all opened fire on him. Police Chief Eliot Isaac says they will study footage from the officers’ body cameras and security from the 30-story building that headquarters Fifth Third Bancorp. Police say the suspect had never worked at Fifth Third and don’t have any information linking him to other businesses in the building. …read more […]
British Airways apologized on Friday after the credit card details of hundreds of thousands of its customers were stolen over a two-week period in the most serious attack on its website and app.
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